Fund Evaluator:
abrdn Global Infrastructure A (AIAFX)
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Best Performing in Infrastructure Over the Last Year
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Fund Details
abrdn Global Infrastructure A Overview
abrdn Global Infrastructure A (AIAFX) is an actively managed Sector Equity Infrastructure fund. Aberdeen launched the fund in 2011.
The investment seeks capital appreciation; current income is a secondary objective. The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of U.S. and non-U.S. infrastructure related issuers. The adviser maintains no less than 40% of the fund's net assets (plus the amount of any borrowings for investment purposes) in the securities of issuers located outside of the United States and will allocate its assets among issuers located in no fewer than three different countries, one of which may be the United States.
About abrdn Global Infrastructure A (AIAFX)
There are 2 members of the management team with an average tenure of 11.18 years: Josh Duitz (2008), Donal Reynolds (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and S&P Global Infrastructure NR USD index with a weighting of 100%. abrdn Global Infrastructure A has 58 securities in its portfolio. The top 10 holdings constitute 27.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
abrdn Global Infrastructure A is part of the Equity global asset class and is within the Sector Equity fund group. abrdn Global Infrastructure A has 52.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 44.1%. There is 52.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). abrdn Global Infrastructure A has 3.0% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below the $313 million average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AIAFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The abrdn Global Infrastructure A expense ratio is high compared to funds in the Infrastructure category. abrdn Global Infrastructure A has an expense ratio of 1.24%, which is 4% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. abrdn Global Infrastructure A has a portfolio turnover rate of 25%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Infrastructure category.
Recently, in the month of August 2026, abrdn Global Infrastructure A returned -1.3%, which earned it a grade of B, as the Infrastructure category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
abrdn Global Infrastructure A has a trailing yield of 1.75%, which is below the 1.96% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
abrdn Global Infrastructure A Grades
Year to date, the fund has returned 11.1%, 2.5 percentage points better than the category, which translates into a grade of A. The fund has returned 17.1% over the past year (grade of A), 15.6% over the past three years (grade of A) and 8.5% per year over the past five years (grade of B) and 9.5% per year over the past 10 years (grade of A).
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AIAFX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AIAFX Return (NAV) | -1.3% | -0.5% | 17.1% | 15.6% | 8.5% | 9.5% |
| AIAFX Grade | B | C | A | A | B | A |
| +/- Category | 0.3% | 0.6% | 4.9% | 1.5% | 1.4% | 1.9% |
| Infrastructure Avg | -1.6% | -1.1% | 12.2% | 14.1% | 7.1% | 7.6% |
| AIAFX Tax Cost Ratio | na | na | 2.0% | 1.8% | 1.7% | 1.6% |
AIAFX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AIAFX Return (NAV) | 11.1% | 26.6% | 2.6% | 12.8% | -8.2% | 14.1% | 1.5% | 28.1% | -9.6% | 24.9% | 9.9% |
| AIAFX Grade | A | A | F | A | F | C | B | B | D | A | B |
| +/- Category | 2.5% | 8.3% | -6.5% | 8.6% | -1.6% | -0.4% | 2.1% | 0.9% | -2.1% | 7.8% | 1.0% |
| Infrastructure Avg | 8.6% | 18.3% | 9.0% | 4.2% | -6.6% | 14.5% | -0.6% | 27.1% | -7.5% | 17.1% | 8.8% |
| Risk Measures | |
| Standard Deviation: | 14.4% |
| Total Risk Index: | 1.18 - Above Average |
| Category Risk Index: | 1.11 - High |
| Category Risk Grade: | F (98% Rank) |
| Beta: | 0.65 |
| R-Squared: | 31% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $46 Mil |
| Fund Total Assets: | $ 12 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 25% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 17.8 years | |||
| Average Tenure: 11.2 years | |||
| Managers (Year): Duitz Josh (2008), Reynolds Donal (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 58 |
| % in Top 10 Holdings: | 27.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 52.9% |
Portfolio Allocation |
|
| Domestic Stock: | 44.1% |
| Foreign Stock: | 52.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.0% |
Purchase Information
| Fund Family: | Aberdeen |
| Phone Number: | 866-667-9231 |
| Website: | www.aberdeen-asset.us |
| Status: | Open |
| Inception Date: | December 30, 2011 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.24% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | abrdn Global Infrastructure Instl |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
